Space is getting scarce, especially in cities, escalating properties price and stagnant income coupled with higher cost of living are all the issue increasingly faced by the current generations.?
When it comes to buying 1st home, an emerging trend all over the world is building smaller and smaller houses, would you buy one? ....whether for own dwelling or investment ?
How small will be too small for you?
Would appreciate if you wiil share your answer. Thanks.
This post has been edited by EnergyAnalyst: Mar 23 2018, 01:09 PM
very interesting idea... in an urban landscape, i'd want a 15x10ft, which i would aptly call a compact studio apartment
wide enough for a full sized bed, mini kitchen, toilet, a small and cosy living area
plus a small parking space for a car or a bike
price it around RM 60,000 (RM400/ft^2 x 150ft^2) and we've got good deals for freh grads / newly married couple who just started to work very very interesting idea
very interesting
That's right. developer is already building condos of 500 sf in area like Damansara Perdana, but what I would love to see is Landed Micro homes. So far not seeing anything like that yet in Msia
The key to a successful design of a micro home is the use of natural lights and windows from the top and sides to give u an open space feel. Apartments or condos, whatever sq ft size from 100 or lower OR approaching 500 or in between, generally face this problems of windows rendering while a landed one has more opportunity for windows rendering even from the roof as landed units have at least 2 sides to play with while condo has one . (Unless if u would count in those windows of kitchen or utility rooms of a condo/apartment that faces the artificial lighting walkway to the lift a window)
This post has been edited by EnergyAnalyst: Jan 20 2013, 11:09 AM
500ft2 is neither here nor there. it's too small for any family, and too expensive for yuong people
100-150ft2 is a nice sweet spot for a 2-person + perhaps 1 baby studio. a starter nest to start their career & life
rm60k, with a 5 yr loan, is theroeritcally around rm 1,100 per month, which is roughly the rental for a medium size home.
5 yr loan is not burdening, and once the young couple got enough money, and their current micro home appreciates in value, they can go for larger homes, perhaps somewhere farther from the city center...
The only problem I see is at 60k price, the developer will say too much trouble and the bank will also say not priority. At that low price, it is low cost housing with compromised material and finishing.
What I wanted to see is since landed property is 1 mil easily say 2 to 3 storey with Built Up area of 1500 sf if developer built instead 500 sf. At 1/3 of the usual size, if the price is brought down to 300k, I think there will be buyer if the response here is good, I'll prepare a paper to REDHA to perhaps let them see the merits and built them in good locations instead of building affordable homes at TIMBUKTU and other God forsaken places
This post has been edited by EnergyAnalyst: Jan 20 2013, 07:46 AM
the price may be low, but it is not in the low-cost category if you take into consideration the price per sq fett, at rm400/ft^2
limiting the loan tenure to 5 yrs would certainly attract banks (or maybe the opposite). either way, it's a fast return for them.
and by pricing the home at the price of an average entry level car (example: the myvi & persona), it would make sense for youngsters to buy them and yeah, i'd agree with you on the location. these microhomes would have to be in the prime locations to make it worthwhile buying and living in it. you compensate your living space with travel time / cost
Unfortunately having worked for banks 8 years before while my mrs still do. I am sad to say most banks will see 60k purchase price and 54k loan @90% and short pay back as undesirable as the interests they can earn will makes it unattractive.
The only institution that may help do the financing under such low price scenario may well be the EPF related MBSB,
This post has been edited by EnergyAnalyst: Jan 20 2013, 11:23 AM
If the micro homes are around 250-400 sgft and within the CBD area, it will be viable if the price is right. But potentially, if they are located within the CDB, it is highly unlikely you will see a RM400psft price. It would be niche and a developer would probably be looking at RM500 instead .. even that I would say it's still a raw deal if the location is superb like near KLCC. Imagine owning a 300sqft for home/room for RM150k there. I'd pay for it ..
I imagine so would a lot of people, I mean a lot a lot of people. The more you think about it, the more micro homes make a whole load of sense, developer can even throw in the hidden up and folded out kind of furnishing as package hell I will easily pay RM300k for it
Jan 17 2013, 12:38 PM, updated 3y ago
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, sometime free show is not good yeah 
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